"Nearly two and a half years after being convicted of bank fraud and other corporate crimes, former Buffalo Sabres owner John J. Rigas and his son Timothy remain comfortably at home in Coudersport, Pa., awaiting the results of their appeal.Wow, talk about timing! On Wed my MBA class is covering the Adelphia case and one of their assignments was to give an update on where everyone is now. I guess the students' lives just got easier!
Meanwhile, many other executives who found themselves on the government's rap sheet in recent years - Andrew Fastow of Enron, Bernard Ebbers of WorldCom, Dennis Kozlowski of Tyco are all behind bars.
What's more, lawyers close to the Rigas case and independent experts are now entertaining a possibility that, to trial-watchers, seemed laughable at the time of the Rigases' conviction in July 2004: that they could win their appeal and thus face a retrial."
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Tuesday, December 05, 2006
Buffalo News - Despite convictions, Rigases live in the lap of luxury
Buffalo News - Despite convictions, Rigases live in the lap of luxury:
Posted by FinanceProfessor at 9:05 AM
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